Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“And when we can with Meeter safe,
We’ll call him so, if not plain Ralph,
For Rhime the Rudder is of Verses,
With which like Ships they steer their courses.”
—Samuel Butler (1612–1680)
“It’s a failure of national vision when you regard children as weapons, and talents as materials you can mine, assay, and fabricate for profit and defense.”
—John Hersey (1914–1993)
“The Government is able to afford a suitable army and a suitable navy. It may maintain them without the slightest danger to the Republic or the cause of free institutions, and fear of additional taxation ought not to change a proper policy in this regard.”
—William Howard Taft (1857–1930)